Birmingham Capital Management Co. Inc. AL Invests $1.75 Million in Citigroup Inc. $C

Birmingham Capital Management Co. Inc. AL purchased a new stake in Citigroup Inc. (NYSE:C) in the second quarter, HoldingsChannel.com reports. The fund purchased 12,500 shares of the company’s stock, valued at approximately $1,750,000.

A number of other large investors have also recently bought and sold shares of C. Magnolia Capital Advisors LLC bought a new position in Citigroup in the 2nd quarter valued at about $397,000. Port Capital LLC bought a new position in Citigroup in the second quarter valued at approximately $245,000. Vantage Point Financial LLC acquired a new position in Citigroup during the second quarter valued at approximately $242,000. Invst LLC raised its position in Citigroup by 0.8% during the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after purchasing an additional 80 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in Citigroup during the second quarter worth $37,288,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Capital-markets growth outlook: Citi expects Korea’s capital-issuance market to reach a record in 2026 as deal activity accelerates. This suggests potential support for investment-banking fees and reinforces the bank’s broader efforts to expand higher-return businesses. Citi Expects Record Korea Capital Issuance in 2026 as Deals Jump
• Positive Sentiment: Buyback support: Citigroup is executing an approximately $30 billion repurchase plan that could retire up to 13.7% of its outstanding shares. A reduced share count can lift earnings per share and provide support for the stock, assuming the bank maintains sufficient capital. Citigroup Stock Information
• Positive Sentiment: Solid operating backdrop: Citi’s latest quarter exceeded analyst expectations on both earnings and revenue, with revenue rising 14.5% year over year. That performance gives investors more confidence in the bank’s earnings momentum and turnaround initiatives.
• Neutral Sentiment: Housing and sustainability commitments: Citi announced expanded affordable-housing financing and updated 2030 sustainable-finance and operational targets. The initiatives may strengthen client relationships and long-term reputation, although their near-term effect on earnings is likely limited. Citigroup Affordable Housing and Sustainability Goals
• Negative Sentiment: SEC subpoena risk: Regulators are examining Citi and other prime brokers over the highly leveraged collapse of hedge fund Situational Awareness. The banks appear financially strong, but tighter margin rules, higher capital requirements or reduced financing activity could pressure trading revenue and market liquidity. SEC Subpoenas Banks Over Situational Awareness
• Negative Sentiment: Upside concerns: Analysts acknowledge Citi’s improvement but question how much additional appreciation remains, while comparisons with Goldman Sachs highlight stronger fee-driven growth at the rival. This could limit investor enthusiasm despite Citi’s relatively attractive valuation. Citigroup Has Improved, But Upside Is Limited

Citigroup Trading Up 0.2%

NYSE C opened at $133.47 on Thursday. The company has a market cap of $227.64 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a twelve month low of $92.96 and a twelve month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s fifty day moving average is $136.62 and its 200 day moving average is $126.69.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 11.2 EPS for the current fiscal year.

Citigroup announced that its board has approved a stock repurchase program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

Analyst Ratings Changes

C has been the topic of several recent analyst reports. Argus set a $150.00 price target on Citigroup in a research note on Wednesday, July 15th. UBS Group decreased their target price on Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Morgan Stanley boosted their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $150.00 price target on shares of Citigroup in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $145.22.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.